Business: Utilities to the Mat

On behalf of the U. S. utility industry, Electric Bond & Share, largest
utility holding company, last week presented a brief to the U. S.
Supreme Court attacking the Utility Holding Company Act of 1935. On
behalf of the U. S. Government, Messrs. Homer Cummings, Robert Jackson,
Thomas Corcoran and Ben Cohen simultaneously filed a brief which
asserted, among other things, that if Congress has the right to curb
white slavery and bootleg liquor it "certainly is not without power to
curb financial chicanery and abuses which have brought ruin to
millions." Thus, after over two years of catch-as-catch-can in...